Statistical Report on Source-to-Pay Outsourcing Industry

Statistical Report on Source-to-Pay Outsourcing Industry

Outsourcing is an arrangement in which one company hires another company to be responsible for a proposed or existing activity that is or may be carried out internally, sometimes involving the transfer of employees and assets from one company to another. The term Outsourcing, which comes from the term Outsourcing, originated in 1981 at the latest. The concept, which according to The Economist "has been present since the time of the Second World War", often includes the contract design of a business process (e.g. payroll, claims processing ), operational and / or non-core business functions (e.g. manufacturing, facility management, call center / call center support).

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Some of the key players of Source-to-Pay Outsourcing Industry:

Accenture, Corbus, Capgemini, Infosys, Xchanging, GEP, Capgemini, Aegis, CGI, ATS Group, CSC, HP, IBM, DSSI

The practice of handing over control of public services to private companies, even if this is limited in the short term, can also be referred to as "outsourcing". Outsourcing includes both foreign and domestic contracts and sometimes offshoring (moving a business function to a remote country) or nearshoring (moving a business process to a nearby country).

Offshoring and outsourcing are not mutually exclusive: there can be one without the other. They can be intertwined (offshore outsourcing) and reversed individually or collectively, partially or fully, using terms such as reshoring, insourcing and insourcing.

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